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Trump’s DC hotel is mostly empty but hugely profitable because people pay inflated prices

The Trump International Hotel in Washington has become the crown jewel of the Trump Organization ever since President Donald Trump took office in January. Since the his swearing in, the president’s second property along Pennsylvania Avenue has hosted foreign lobbyists, banking executives, and others attracted to the luxury brand created by the President of the United States. It has also become extremely profitable.

Trump’s Washington hotel has raked in about $18 million in the four months following Trump’s inauguration. Out of the $18 million made in revenue, the hotel made a profit of nearly $2 million despite budgeting for a $2.1 million loss. …

This post is from ThinkProgress. Click here to read the full text

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